Indian logistics and supply chain startup Delhivery plans to file a draft prospectus by October to raise $1bn in IPO.
Founded in 2011 by CEO Sahil Barua, Delhivery is a logistics and supply chain services company in India, backed by the SoftBank Vision Fund, Carlyle Group, Fosun International, Tiger Global and Times Internet and others as investors.
The company handles more than 1.5m packages a day through its 43,000-strong team across India and completed a series H funding round in June led by Fidelity.
Subscribe to our Newsletter to increase your edge. Don’t worry about the news anymore, through our newsletter you’ll receive weekly access to what is happening. Join 120,000 other PE professionals today.
This week, Delhivery has acquired Bangalore-based Spoton Logistics for an undisclosed amount.
Startup is targeting a Mumbai listing before March next year.
Last month, the company announced $100m investment by FedEx subsidiary FedEx Express.
Source: Seeking Alpha
Can’t stop reading? Read more
Top private equity news of the week
Top private equity news of the week Soho House, the global private members’ club and hotel group,...
Audax turns to Blackstone as Justrite seeks $700m private credit lifeline
Audax turns to Blackstone as Justrite seeks $700m private credit lifeline Audax Private Equity is...
Mitsubishi takes stake in RRJ-backed Fullerton Health to fuel Southeast Asia growth
Mitsubishi takes stake in RRJ-backed Fullerton Health to fuel Southeast Asia growth Mitsubishi...